The Financial Services and Markets Bill: a speculator’s charter

Type: Campaign briefings
Date: 1 September 2022
Campaigns: Food, General

The Financial Services and Markets Bill is a massive, deregulatory piece of legislation currently making its way through parliament. As part of the British government’s disengagement from EU rules on finance, they are proposing
to strip away post-financial crash regulation which, while inadequate, made the system more stable. In particular, the government want to scrap restrictions on food speculation which we won in 2014. These rules were never strong enough, but removing them takes us in completely the wrong direction.